Russia's growing economy presents "massive opportunities" for foreign investors across an increasingly diverse range of industries, according to The Great Transformation Russia's Return to the World Economy, a report published today by Heriot Watt University's Centre for Economic Reform and
ING Investment Management has launched the ING China WTO Guaranteed Fund in Hong Kong. It guarantees investors 100 per cent of their investment principle at maturity, with potential bonus coupons over the 4.5 year period offering a maximum upside of
Lazard, the Anglo French American merchant bank which spurned the opportunity to become an all singing, all dancing global investment bank in the 1980s, has finally entered the securities industry on a sizeable scale. It agreed yesterday to buy UK
Standard Life, the last of the large mutual life and pensions offices in the UK whose fund management arm recently outsourced its fund administration needs to Citigroup, is finding it difficult to convince the Financial Services Authority (FSA) hat it
In 203 UK pension funds had their first positive year since 1999, according to the WM estimate of returns. "After a poor start, UK pension fund returns accelerated throughout the rest of 2003 to achieve a result for the year
Citigroup Global Transaction Services has introduced a web based electronic query tool that allows corporate credit card clients to analyze spending patterns. Citibank Commercial Cards is offering the service in 29 countries. Citigroup says clients can use the information to
The Bank of New York has been appointed by Comcast Corporation, a cable television provider, to provide cash letter processing services for over 1.5 million monthly payments in New York, New Jersey and Connecticut. Comcast Corporation services more than 24
Canadian Imperial Bank of Commerce (CIBC), which has a joint custody venture in Canada with Mellon Trust, has urged the Canadian federal government to authorise mergers between banks and between banks and insurance companies to give domestic financial services groups
The Japanese government is reported to be considering an amendment to the laws and regulations governing mergers and acquisitions in Japan, to allow foreign firms to acquire Japanese companies using shares rather than cash as the acquisition currency. The Cabinet
The Bank of New York has been selected as successor depositary for ABSA Group Limited's American depositary receipt (ADR) facility. The company's ordinary shares are listed on the Johannesburg Stock Exchange.